The process of transferring data from the journal to the ledger accounts is called posting.
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Q50: The posting reference notation used in the
Q51: Assets are increased with debits and decreased
Q52: Transactions are listed in the journal chronologically.
Q53: A transaction that is recorded in the
Q54: Normal account balances are on the increase
Q56: Debits will increase unearned revenues and revenues.
Q57: The increase side of an account is
Q58: The double-entry accounting system records each transaction
Q59: Liabilities are increased with debits and decreased
Q60: Journal entries include both debit and credit
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